HMRC also has a whole host of resources to assist and support anyone employing people. Follow the link below for full details:
Webinars, e-learning, emails and videos on employing people
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Tax exemptions for employer provided Pensions and Legal advice 10 May 2017
A number of clauses were removed from the Finance Bill including the new Income Tax exemption to cover the first £500 worth of relevant pensions advice provided to an employee.
For general information and for those employers who may have already included the exemption in their benefits packages, we have received an update from HMRC.
The changes for employer provided Pensions advice and Legal advice (clauses 12 and 13 in the Finance Bill 2017 published on the 20 March) were due to be legislated in the Finance (No.2) Bill 2016-17. Due to the forthcoming election the Financial Secretary to the Treasury announced that, as is usual at this stage before an election, the Finance Bill would proceed on the basis of consensus and the government would not be proceeding with a number of clauses in the Bill, including these changes. The Financial Secretary also said there has been no policy change and the government would legislate for the provisions at the earliest opportunity in the next Parliament. It will be for the incoming government to decide what to recommend to Parliament.
In the interim please continue to apply the guidance published at HMRC guidance - EIM 21802 and HMRC guidance - EIM 30509 .
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Diamond Payroll Giving Quality Mark Announced 15 May 2017
To celebrate 30 years of Payroll Giving, the APGO is introducing a new Diamond award for 30% employee participation.
The Association of Payroll Giving Associations (APGO) has announced a change to the Payroll Giving Quality Mark, which will make these prestigious Awards an even bigger and better driving force for employers to recognise their employees who give regularly to charity. Payroll Giving turned 30 in April, so to celebrate, the APGO is launching a Diamond Payroll Giving Quality Mark, available from 2018, to all those companies who have 30% or more employees giving from their pay. The award is truly something to strive for and those achieving it will be the first to proudly display the new Diamond logo. A number of companies are not far off already. The APGO has also decided to simplify the criteria around the other Quality Mark awards, to encourage even more employers to put themselves forward for recognition, and actively drive the uptake of Payroll Giving within their company.
The Diamond Award will be officially unveiled at this year’s National Payroll Giving Excellence Awards in November.
Further information about the Awards can be found here .
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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